Pinnacle Entertainment (NASDAQ:PNK)‘s stock had its “average” rating reissued by stock analysts at SunTrust Banks in a research report issued to clients and investors on Monday. They currently have a $35.00 target price on the stock. SunTrust Banks’ price target suggests a potential upside of 9.24% from the company’s current price.

PNK has been the topic of a number of other reports. Deutsche Bank increased their price objective on shares of Pinnacle Entertainment from $20.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. ValuEngine downgraded shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Telsey Advisory Group increased their price objective on shares of Pinnacle Entertainment from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Barclays increased their price objective on shares of Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Finally, Bank of America increased their target price on shares of Pinnacle Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.14.

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Shares of Pinnacle Entertainment (PNK) traded up $0.10 during trading hours on Monday, hitting $32.04. 90,417 shares of the company’s stock were exchanged, compared to its average volume of 564,937. Pinnacle Entertainment has a 52 week low of $15.86 and a 52 week high of $33.59. The company has a debt-to-equity ratio of -11.36, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market cap of $2,070.47, a P/E ratio of 64.08 and a beta of 1.44.

Pinnacle Entertainment (NASDAQ:PNK) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a net margin of 1.23% and a negative return on equity of 13.12%. The company had revenue of $647.40 million for the quarter, compared to the consensus estimate of $652.13 million. During the same period in the prior year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. research analysts expect that Pinnacle Entertainment will post 0.81 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PNK. SG Americas Securities LLC purchased a new position in Pinnacle Entertainment during the 3rd quarter worth $150,000. Meeder Asset Management Inc. grew its position in Pinnacle Entertainment by 35.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after purchasing an additional 2,166 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Pinnacle Entertainment during the 3rd quarter worth $202,000. Macquarie Group Ltd. purchased a new position in Pinnacle Entertainment during the 3rd quarter worth $271,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Pinnacle Entertainment during the 2nd quarter worth $277,000. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

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Pinnacle Entertainment Company Profile

Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.